U.S. CPI Shows Inflation in Line With Fed's Goal

The transcript discusses recent economic data, including CPI and retail sales, and their impact on markets. Experts analyze inflation trends and the bond market's reaction, noting a flatter yield curve. They highlight the importance of fiscal policy, such as tax cuts, in influencing future economic conditions. Despite some wage growth, inflation pressures are eroding real earnings, emphasizing the need for fiscal stimulus.

What was the revised increase in January's core CPI?

• 3/10 of 1%

• 6/10 of 1%

• 1/10 of 1%

• 2.2%

According to Steven Whiting, what is the expected impact of sentiment data?

• It will decrease investment.

• It will have no impact.

• It will lead to tax cuts.

• It will support investment.

What is the expected reaction in the bond market according to Matthew Hornbach?

• A steeper curve across the board.

• No change in the curve.

• A flatter curve across the board.

• Increased volatility in the short end.

What issue does the BLS face that affects CPI data?

• Overestimation of inflation.

• Lack of data transparency.

• Residual seasonality.

• Inaccurate data collection methods.

What is the anticipated effect of the Trump administration's tax cuts?

• Reduction in inflation.

• Decrease in consumer spending.

• Boost in fiscal stimulus.

• Increase in real wages.